All of the following are typically considered procyclical variables except
A) the inflation rate.
B) investment expenditures.
C) the unemployment rate.
D) expenditures on durable goods.
C
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Consider a policy proposal that aims to save small dairy farms by providing an annual lump sum subsidy to dairy farms with fewer than two hundred dairy cows
Why might this proposal pass, even if it benefits a few dairy farmers at the expense of the majority of voters? a. The program might only cost each voter a few pennies and yet benefit small dairy farmers immensely. b. The American people value the small dairy farm highly and want to see it preserved. c. A cyclical majority makes it possible for the proposal to pass although it is not generally preferred. d. Voters think it will result in cheap milk.
Countries experiencing balance of payments surpluses are usually eager to inflate their economies
a. True b. False Indicate whether the statement is true or false
Total surplus is
a. the total cost to sellers of providing the good minus the total value of the good to buyers. b. the total value of the good to buyers minus the cost to sellers of providing the good. c. the difference between consumer surplus and sellers' cost. d. always smaller than producer surplus.
Sending countries that do not receive much in the way of remittances probably gain well-being, but those receiving substantial remittances probably lose well-being.
Answer the following statement true (T) or false (F)